As you are aware, on 5 November 2015 the Joint Administrators notified creditors that on 4 November 2015, the Supreme Court ordered that permission to appeal and permission to cross-appeal be granted in relation to the Waterfall I Application. A copy of the update can be found here.
The Supreme Court appeal of Waterfall I has now been listed for the week commencing 17 October 2016. It is currently scheduled to commence on the Monday with a time estimate of four days.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659